Mumbai,
20 th May 2005—YASHNANOTECH, a division of
Yash Management & Satellite Ltd., and UK-based
Cientifica Ltd. today announced details of a joint
venture designed to unlock India's nanotechnology potential.
The two companies will cooperate to provide services
spanning the entire nanotechnology value chain, from
supporting commercialization of research, giving companies
access to contract R&D facilities, and financing
and supporting new ventures.
Cientifica
CEO Tim Harper explains "As a result
of the billions of dollars invested in academic nanoscience
research since 2000, these nanotechnologies are available,
right now, which offer a significant opportunity
for the Indian manufacturing community to make better,
faster, greener and cheaper products while improving
margins and gaining market share. Given the huge
amount of world class nanoscience being performed
in India , we aim to leverage the financial and technical
expertise of the joint venture to enable India to
become a nanotechnology superpower, from contract
research to manufacturing."
Mr.
Anurag Gupta, CEO of YASHNANOTECH, added "By
actively stimulating the transfer of technologies
to market, YASHNANOTECH and Cientifica will unlock
the vast and immense untapped Indian Nanotechnology
market. With more nanotechnology research shifting
to the corporate world, India 's low costs for highly
skilled manpower & overheads, combined with Cientifica's
world wide knowledge and expertise makes YASHNANOTECH
an obvious choice for the quality contract research
from the rest of the world."
The company is already in advanced talks with a
number of world-class Indian research institutes,
and is planning to set up a number of manufacturing
units and facilities designed to take advantage of
the new materials and markets enabled by nanotechnologies.
As
a first step towards the accomplishment of the
mission, YASHNANOTECH is launching a series of
world class nano reports for the Indian market,
with applications across a wide spectrum of industries
ranging from agriculture, textiles, automobiles,
manufacturing, health care, energy, communications,
defense, transportations & electronics
. They are also launching a DVD entitled “WONDER
WORLD OF NANO” for the world market, designed to
educate, entertain and inform while cutting through
the hype to focus on real world applications and
opportunities of nanotechnologies.
The company also revealed plans to bring the World
Nano-Economic Congress, a comprehensive series of
global conferences that bring together the thought
leaders in science, government, and business to discuss
the entire value chain of nanotechnology's commercial
development, to India in the first quarter of 2006.
About Cientifica
Cientifica is the world's largest independent supplier
of nanotechnology information, with offices in London
, Singapore , Mumbai, Oslo and Madrid . With activities
spanning from basic research through scientific networks
to consultancy, business intelligence and investment
appraisals. Cientifica's unrivalled focus and insight
into this sector offers industry, investors and researchers
unparalleled analysis of the technological and commercial
opportunities for the application of nanotechnologies.
For more information visit www.cientifica.com
About YASHNANOTECH
YASHNANOTECH,
a division of Yash Management & Satellite
Ltd. is the frontrunner in the filed of Indian nanotechnologies.
Its mission is to create economic effect in India
, stimulation & creation of Indian business,
create horizontal linkages between markets, network
Indian companies, connect India with global network
and commercialization & exploiting local technologies.
For more details, contact:
Cientifica
Russell Wilcox
General Manager
Cientifica Ltd. ( UK )
+44 208 374 2514
Russell.wilcox@cientifica.com
YASHNANOTECH
Miss. Paramjyothi Chowti
+91-22-56010791
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